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Article: 8Telecom holds IPO in Singapore, raises approximately USD 16 mln, public trading to start July 23.
- Article from:
- China Business News
- Article date:
- July 21, 2004
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8Telecom holds IPO in Singapore, raises approximately USD 16 mln, public trading to start July 23
Shanghai. July 21. INTERFAX-CHINA - 8Telecom International Holdings Co., Ltd. has held its initial public offering on the Main Board of the Singapore Stock Exchange at the price of SGD 0.3 (USD 0.18) per share. The company is a provider of telecom pipe network products in China. Public trading of 8Telecom shares is scheduled to begin on July 23.
The 120 mln ordinary shares placed were made up of 102 mln new shares and 18 mln vendor shares. A total of 3 mln shares were set aside for public subscriptions, while the rest was designated for placement, of which ...